Shire of Serpentine JarrahdaleEconomic profile
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Shire of Serpentine Jarrahdale

Housing valuation

At June 2018, Shire of Serpentine Jarrahdale had a median house valuation of $423,016, $42,296 lower than the median house valuation for Western Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Shire of Serpentine Jarrahdale20182014Change
Housing value (at June)Shire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western AustraliaShire of Serpentine JarrahdaleWestern AustraliaShire of Serpentine Jarrahdale relative to Western Australia2014 to 2018
House--------------
First Quartile$360,865$354,996+1.7%$431,559$413,814+4.3%-$70,694
Median$423,016$465,312-9.1%$523,988$537,452-2.5%-$100,972
Third Quartile$642,227$636,804+0.9%$788,916$706,574+11.7%-$146,689
Unit--------------
First Quartile$179,257$272,568-34.2%$243,762$334,690-27.2%-$64,505
Median$268,700$352,615-23.8%$354,675$427,041-16.9%-$85,975
Third Quartile$301,619$446,927-32.5%$361,761$540,710-33.1%-$60,142

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Western Australia: $446,927 Median, Western Australia: $352,615 First Quartile, Western Australia: $272,568 Third Quartile, Western Australia: $636,804 Median, Western Australia: $465,312 First Quartile, Western Australia: $354,996 Third Quartile, Shire of Serpentine Jarrahdale: $301,619 Median, Shire of Serpentine Jarrahdale: $268,700 First Quartile, Shire of Serpentine Jarrahdale: $179,257 Third Quartile, Shire of Serpentine Jarrahdale: $642,227 Median, Shire of Serpentine Jarrahdale: $423,016 First Quartile, Shire of Serpentine Jarrahdale: $360,865
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Western Australia: $-93,783 Median, Western Australia: $-74,426 First Quartile, Western Australia: $-62,122 Third Quartile, Western Australia: $-69,770 Median, Western Australia: $-72,140 First Quartile, Western Australia: $-58,818 Third Quartile, Shire of Serpentine Jarrahdale: $-60,142 Median, Shire of Serpentine Jarrahdale: $-85,975 First Quartile, Shire of Serpentine Jarrahdale: $-64,505 Third Quartile, Shire of Serpentine Jarrahdale: $-146,689 Median, Shire of Serpentine Jarrahdale: $-100,972 First Quartile, Shire of Serpentine Jarrahdale: $-70,694
Source: Hometrack 2014-2018, Housing Valuation System

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